On Tuesday, 23 September the Nelson Mandela Bay Municipality Acting Executive Mayor Thembinkosi Mafana met with a delegation from Jiang Su Jin Pan Electrical Company today to discuss the possibility of a multi-million rand factory in the city.
Jin Pan Electrical has investments of more than R180m in China and focuses mainly in the scientific research, development, manufacturing and sale of various transformers such as dry type transformers, special type, composite and pre-assembled transformers amongst others.
Ye Dingguo, President of the company, said they already have a factory in Gauteng and are currently looking at increasing their footprint by building a factory in a major African coastal city to manufacture transformers for the African market.
JinPan Electrical has branches across thirty regions across China.
Acting Executive Mayor Thembinkosi Mafana said the meeting went extremely well and the visitors are very excited about our offerings as a global city.
“Assisted by the award-winning government entity based in Nelson Mandela Bay, the Coega Development Corporation, we endeavoured to assist them through all the requirements to do business in the Bay. We are just waiting for them to submit comprehensive plans before guiding them through the necessary and important legal processes.
“Our message is clear. Nelson Mandela Bay is open for business. We welcome those who have a genuine interest in setting up businesses and providing sustainable and decent job opportunities for our residents,” Mafana said.
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